Stewart Landing Apartments

2502 E Franklin Ave, Alton, TX 78573

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 15,200 SF
  • Units 9
  • Lot Size 21,942 Acre
  • Year Built 2018
  • Date Updated Mar 26, 2024
Steward landing resides Alton, TX, located in the Rio Grande Valley of South Texas. Alton has a population of apx. 18,860 which has increased 301% in the past 19 years. Several large employers such as South Texas College and University of Texas Pan - American are located within a 5-10 minute drive from the property. Alton is also proximate to three major highways: SH 107, U.S. Highway 281 and U.S. Highway 83, which is a driver for the population increase over the years.Stewart Landing is a 9 unit, 2018 vintage property that consists of three bedroom units. The units contain over 1200 square feet of space including two bathrooms per unit and also a private backyard space. A new buyer has the opportunity to acquire a newly constructed asset that already has covered parking for each unit allowing new ownership to grow the NOI by implementing a charge for covered parking. Other opportunities include starting to bill back for the water/sewer/trash bill - like similar newer built properties in the area . The 3 bedroom townhome style units offer desirable features similar to what you would see in a modern day home.

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Highlights

  • Easy Value add opportunities requiring limited capital
  • Large 3 Bedroom floorplans with added amenities
  • Convenient location with access to major highways
  • Strong Yield on Cost going in

Contacts

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233

Location

Getting Around

  • Walk Score ®

    16/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Alton, TX
  • Neighborhood Alton
  • Zip Code 78573
  • Market McAllen

Points of Interest

  • H-E-B Fuel

    2.24 miles

  • El Tigre

    2.56 miles

  • Valero

    3.30 miles

  • Exxon

    3.55 miles

  • Sunoco

    3.65 miles

  • Murphy USA

    3.85 miles

  • H-E-B Fuel

    3.97 miles

  • Sam's Club

    4.39 miles

  • Exxon

    4.50 miles

  • H-E-B Fuel

    4.55 miles

  • Visitor Bus Parking

    4.74 miles

  • E35

    6.89 miles

  • Q1

    7.19 miles

  • O

    7.20 miles

  • E39

    7.21 miles

  • E8

    7.22 miles

  • P

    7.25 miles

  • B1

    7.25 miles

  • C

    7.37 miles

  • D

    7.41 miles

  • Hampton Inn & Suites Mission

    5.54 miles

  • Executive Inn & Suites

    5.55 miles

  • Home2 Suites McAllen

    5.60 miles

  • Cambria Hotel McAllen Convention Center

    5.68 miles

  • La Quinta Inn & Suites by Wyndham Mission at West McAllen

    5.74 miles

  • La Quinta Inn & Suites by Wyndham McAllen Convention Center

    5.75 miles

  • Embassy Suites McAllen Convention Center

    5.82 miles

  • Hawthorn Suites by Wyndham McAllen

    5.86 miles

  • Casa De Palmas, Trademark Collection by Wyndham

    6.12 miles

  • SpringHill Suites by Marriott McAllen Convention Center

    6.13 miles

  • Stars Drive-in

    1.50 miles

  • Applebee’s Grill + Bar

    2.13 miles

  • McDonald's

    2.15 miles

  • Chick-fil-A

    2.20 miles

  • Whataburger

    2.21 miles

  • Pollos Medina

    2.44 miles

  • Burger King

    2.94 miles

  • Burger King

    3.47 miles

  • Little Caesars

    3.54 miles

  • Container Taco Factory

    3.54 miles

  • Rafael Cantu Junior High School

    0.85 miles

  • Jessie Jensen Elementary School

    0.93 miles

  • Alton Elementary School

    1.44 miles

  • Olivero Garza Elementary School

    1.49 miles

  • Sharyland Pioneer High School

    1.85 miles

  • Sharyland North Junior High School

    1.94 miles

  • Donna Wernecke Elementary School

    2.03 miles

  • Midkiff Elementary School

    2.06 miles

  • Carl C. Waitz Elementary School

    2.22 miles

  • Arturo Cantu Elementary School

    2.25 miles

  • Little Shining Stars Daycare

    3.57 miles

Frequently Asked Questions

What is the total square footage of Stewart Landing Apartments?

Stewart Landing Apartments totals 15,200 square feet.

When was this property built?

Stewart Landing Apartments was built in 2018.

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Contact Listing Broker

broker

Jaxton Hoelting

Greg Brownd - Go-Getters Multifamily

(806) 316-9233